Why do companies use a contra revenue account when recording sales returns?

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Question Posted: Jun 11, 2015 10:22 AM

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Why do companies use a contra revenue account when recording sales returns?

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Although net sales is the same amount whether a contra account is u...View the full answer

Understanding Financial Accounting

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